BBQ Season
Bradley Goldhar - Jul 14, 2022
Here’s another example of a supply chain issue. Last weekend my spouse popped into the grocery store near our cottage and noticed not a single bag of French fries in the freezer section.
Weekly "Focus" and BBQ Season
Here’s another example of a supply chain issue. Last weekend my spouse popped into the grocery store near our cottage and noticed not a single bag of French fries in the freezer section. When she asked what happened she was told a nearby restaurant could not get enough French fries from their distributor so they resorted to buying up the store’s entire supply. With BBQ season underway hopefully this is not a sign of things to come. As far as I know there is no shortage of hot dogs and on July 4th Joey Chestnut was crowned the champion of the US Independence Day hot dog eating contest for the 15th time - he hoovered 63 Nathan’s wieners during the 10 minute competition! Interestingly, the following consumer staple companies in the table below have generally outperformed the broader stock market so far this year.
| Company | Products | Return in 2022 | Dividend Yield |
| Kraft Heinz* (KHC) | Heinz Ketchup and Relish | +6.1% | 4.2% |
| Maple Leaf Foods* (MFI) | Schneider Hot Dogs | -9.7% | 3.0% |
| McCain Foods | McCain French Fries | Private | n.a. |
| McCormick (MKC) | French’s Mustard | -14.4% | 1.8% |
| Nathan’s Famous (NATH) | Nathan’s Hot Dogs | -5.2% | 3.3% |
| Unilever (UL) | Hellman’s Mayonnaise | -14.2% | 4.3% |
Source: ThomsonOne, Values as of July 7
This week’s "Focus" from our economics team is attached.
Have a great weekend and please stay safe,
Brad
Bradley Goldhar | Senior Portfolio Manager and Senior Investment Advisor
BMO Nesbitt Burns Inc. | 1 First Canadian Place | 39th Floor | P.O. Box 150 | Toronto ON M5X 1H3 416.359.6650 (direct) | 416.359.7219 (fax) | 1-800-263-1883 (toll free)
bradley.goldhar@nbpcd.com
www.goldhargroup.com
Source: (i) ThomsonOne
Please note: We cannot take trading instructions via email or voice mail, please contact your Investment Advisor directly.
For disclaimer details, please click here: http://www.bmo.com/nesbittburns/popups/about-us/disclaimers.
BMO Nesbitt Burns Inc. ("BMO NBI") provides this commentary to clients for informational purposes only. The information contained herein is based on sources that we believe to be reliable, but is not guaranteed by us, may be incomplete or may change without notice. BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO Nesbitt Burns Inc., in providing wealth management products and services. ® "BMO (M-bar roundel symbol)" is a registered trade-mark of Bank of Montreal, used under licence. ® "BMO Nesbitt Burns" is a registered trade-mark of BMO Nesbitt Burns Inc. BMO Nesbitt Burns Inc. is a wholly-owned subsidiary of Bank of Montreal.
BMO Nesbitt Burns Inc. is a Member – Canadian Investor Protection Fund. Member of the Investment Industry Regulatory Organization of Canada.
You are receiving this email because you have expressed an interest in receiving emails from me. You may unsubscribe if you no longer wish to receive commercial electronic messages.
* This specific security is covered under the research of BMO Capital Markets. For a full list of company specific disclosures keys please visit https://research-ca.bmocapitalmarkets.com/Public/Company_Disclosure_Public.aspx